The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

The natural-born investor is a myth.

The more cash that builds up in the treasury, the greater the pressure to piss it away.

Never buy anything that you can't illustrate on the back of a napkin.

Most investors would be better off in an index fund.

Visiting stores and testing products is one of the critical elements of the analyst's job.

The best stock to buy is the one you already own.